Oman’s insurance: Primed for consolidation

Speculation is mounting that Oman’s insurance sector will witness further mergers and acquisitions if margins remain tight in the coming year. While the introduction of sharia-compliant insurance is expected to drive expansion in the industry, questions remain about both the length of time it will take for insurers to develop new products and whether take up will meet expectations, Global Arab Network reports according to OBG.
Insurers have reiterated their call for an easing of restrictions governing the industry as Oman’s policy writers seek out new avenues of growth on the back of a difficult year………………………………………..Full Article: Source